We all know that China has banned crypto again. This time the reason was quite predictable (no, i haven't sell in time 🤦♀️): they are afraid that the funds used to rescue Evengrande will end up abroad to feed the cryptocurrency market. Fairly well-founded doubts, almost solid certainties.
The point is that Bitcoin cannot be stopped. Bitcoin will lead a revolution ready to change the world. The more you try to stop it, the stronger it will become, like the Lernaean Hydra.
"What does not kill me makes me stronger" Friedrich Nietzsche about B̶i̶t̶c̶o̶i̶n̶.
I doubt that the Chinese will give up cryptocurrencies (we all know they are addictive: after what will they talk to friends at pigiama party 🎉?!) and I doubt that they will be too scarried by their government sanctions, for these reasons I believe they will begin to focus on decentralized finance, on platforms DeFi.
At the moment I have finished my funds to dedicate to crypto but I will jump through hoops to try to find liquidity as soon as possible to be allocated to one of the many DeFi projects because i think that all chinese investors will start to use them: $LUNA; $AVAX; $UNI; $LINK; $CAKE; $SUSHI; $1INCH; etc...This is not a financial advice.
XOXO
Gaia ❤️
